sell
Ranchero Enters Into a Letter of Intent to Sell Mexican Subsidiary, and Related Party Loan
Endeavour Silver Announces Agreement to Sell 1% Interest in the Cozamin Royalty to Gold Royalty Corp
Santacruz Silver Completes Gavilanes Property Sale to Marlin Gold
http://www.santacruzsilver.com/s/news_releases.asp?ReportID=800334
August 17, 2017 – Vancouver, B.C. – Santacruz Silver Mining Ltd. (TSX.V:SCZ) (“Santacruz”) and Marlin Gold Mining Ltd. (TSX.V:MLN) (“Marlin”) announce that, further to the companies’ joint press release dated August 8, 2017, the sale of Santacruz’s Gavilanes Property in Durango State, Mexico to Marlin (the “Gavilanes Transaction”) for total consideration of US$3.50 million plus applicable VAT (the “Purchase Price”) has been completed.
US$0.58 million from the Purchase Price was credited against the deposit advanced by Marlin to Santacruz on August 10, 2017 in connection with the payment of the outstanding balance owing to a property vendor on certain of the claims included in the Gavilanes Project (see Santacruz’s press release dated August 10, 2017).
In addition, US$1.15 million from the Purchase Price was applied toward settling all remaining outstanding debt owing to JMET, LLC (“JMET”) and JMET has released and discharged all of its security and registrations over Santacruz’s assets and the 3,750,000 “cashless” warrants of Santacruz previously issued to JMET have been cancelled.
Santacruz Silver Completes Gavilanes Project Payment
http://www.santacruzsilver.com/s/news_releases.asp?ReportID=799493
August 10, 2017 — Vancouver, B.C. — Santacruz Silver Mining Ltd. (TSX.V:SCZ) (“Santacruz”)announces, further to its news release of August 8, 2017, that it has settled the outstanding balance owing on certain of the claims included in the Gavilanes Project (the “Gavilanes Outstanding Balance”) by making a cash payment of US$500,000 and issuing 1,250,000 common shares of Santacruz, plus applicable value added taxes (“VAT”), to the property vendor. The shares are subject to a hold period and may not be traded until December 11, 2017 except as permitted by applicable securities legislation and the rules and policies of the TSX Venture Exchange.
Marlin Gold Mining Ltd. (“Marlin”) provided US$580,000 as a refundable deposit (the “Deposit”) to fund the cash portion of the Gavilanes Outstanding Balance in accordance with the terms of the definitive agreement between Marlin, Santacruz and their respective subsidiaries (see news release dated August 8, 2017). Pursuant to such agreement, Marlin, through its wholly-owned subsidiary, will acquire 100% of Santacruz’s interest in the Gavilanes Project in Durango, Mexico (the “Gavilanes Transaction”), for total cash consideration of US$3.5 million, plus applicable VAT.
Goldcorp Announces Sale of its 21% Minority Interest in the San Nicolas Copper-Zinc Project
VANCOUVER, June 29, 2017 /CNW/ – GOLDCORP INC. (TSX: G, NYSE: GG) (“Goldcorp” or the “Company”) today announced that the Company has entered into a binding agreement with Teck Resources Limited for the sale of its 21% minority interest in the San Nicolas copper-zinc project, located in Zacatecas, Mexico, for cash consideration of US$50 million.
This transaction is consistent with Goldcorp’s strategy of optimizing its portfolio of assets and unlocking value by monetizing non-core assets such as San Nicolas.
The transaction is subject to customary closing conditions and is expected to close in the third quarter of 2017.
Evrim’s Partner Harvest Gold Supports Presence of High-Grade Gold and Silver Values at Cerro Cascaron
http://www.evrimresources.com/s/news-releases.asp?ReportID=792796
Vancouver B.C. — June 15, 2017. Evrim Resources Corp. (TSX.V:EVM) (“Evrim” or the “Company”) is pleased to announce sample results from Harvest Gold Corp.’s (“Harvest”) (TSX.V:HVG) due diligence visit to the Cerro Cascaron gold-silver project (“Project”) in Chihuahua, Mexico. Harvest will have the right to earn up to an 80% interest in the Project by incurring certain exploration expenditures, making cash and share payments and delivering a 43-101 compliant feasibility study.
Harvest’s geological consultant, Mr. David Bent, P. Geo. visited a large area of the Project and took nine rock samples from both the main vein field and the recently discovered La Cascarita target, a silver-rich breccia structure located five kilometres west of the currently defined main gold field. The rock sample results support previous sample values taken by Evrim.
Silver Standard Completes Sale of Parral Exploration Properties
http://ir.silverstandard.com/releasedetail.cfm?ReleaseID=996562
VANCOUVER, Nov. 1, 2016 /CNW/ – Silver Standard Resources Inc. (NASDAQ: SSRI) (TSX: SSO) (“Silver Standard”) announces today that it has completed the sale of its Parral properties in Chihuahua, Mexico, including the Veta Colorada, La Palmilla, and San Patricio properties, to Endeavour Silver Corp. (NYSE: EXK) (TSX: EDR) (“Endeavour Silver”) for consideration including $6 million of Endeavour Silver shares at closing (based on the average of the closing prices of Endeavour Silver shares sold on the NYSE during the ten trading days prior to September 13, 2016). Endeavour Silver is a mid-tier precious metals company with a track record of exploring for, developing and operating mines in Mexico. This transaction was previously announced in Silver Standard’s news release dated September 14, 2016.